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In this Quiz, We have covered MCQs from
- CA Foundation Paper 4B : Business and Commercial Knowledge [20 Questions]
- Chapter 1 : Business and Commercial Knowledge – An Introduction
- Chapter 2 : Business Environment
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MCQ’s in CA Foundation Economics are very useful for preparing CA Foundation exams conducted by ICAI. The MCQ’s provided are according to the content given by the ICAI and these questions are most important for your examination.
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Question 1 of 20
1. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionTransfer of interest is possible in:
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Question 2 of 20
2. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionProfessional codes are used as the ethnical guidance in case of:
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Question 3 of 20
3. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionLetter of appointment and service agreement are the mode of establishment in case of
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Question 4 of 20
4. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe attribute of a profession does not include.
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Question 5 of 20
5. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe periodic compensation, in case of employment, refers to:
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Question 6 of 20
6. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionBusiness as a Institution is ________.
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Question 7 of 20
7. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe entire spectrum of market oriented activities coming under industry, trade and commerce is ________.
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Question 8 of 20
8. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following is organic objective of business?
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Question 9 of 20
9. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe source of livelihood in case of business is:
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Question 10 of 20
10. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe occupation in which people work for others and get remunerated in return is known as:
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Question 11 of 20
11. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich one of the following is organization’s response to its Environment?
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Question 12 of 20
12. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentThe formation or clarification of the organization’s mission; the development of objectives, polices and budgets, etc. are the examples of _________ response of organisation to environment:
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Question 13 of 20
13. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentThe methods like bargaining, Contracting, Co-opting, creating joint ventures, etc. are related with _________ response of organisation to its environment.
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Question 14 of 20
14. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn order to respond appropriately, the organizations must:
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Question 15 of 20
15. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn order to sustain competitive advantage, organizations must achieve an external position vis-a-vis their competitors or perform internally in ways that is/are:
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Question 16 of 20
16. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich of the following statement is incorrect as regards organization’s response to its environment?
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Question 17 of 20
17. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn relation to a popular cold drink “Pepsi”, which one of the following is not internal factor?
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Question 18 of 20
18. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich one of the following statement is incorrect?
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Question 19 of 20
19. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentA Successful business has to _________ the various opportunities and threats in its environment.
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Question 20 of 20
20. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentApart from the natural environment, environment of humans include:
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Frequently Asked Questions
Is there a negative marking in the CA Foundation Exams?
Yes, but only in two objective papers (papers 3 & 4) where for every wrong answer ¼ or 0.25 marks will be deducted.
Can I darken more than one circle as answers for the MCQs in Paper 3 and 4?
No, please don’t! More than one darkened circle for a single question is considered a wrong answer. It will result in a negative marking of 0.25 for every question that’s answered in this manner.
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Is the CA Foundation exam easy or not?
There’s no straightforward answer to this question. But it’s a fact that CA Foundation is the easiest of all three levels.
What should I do after the 10th or 12th to become a CA?
You can provisionally register for the CA Foundation course right after class 10, but you have to wait till you pass your class 12 exams to appear for the CA Foundation exams.
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .